On 22.09.2023, the Directorate of Enforcement (ED) filed a Prosecution Complaint under the Prevention of Money Laundering Act, 2002 against Partha Chakraborti and 8 others in a chit fund case of Chakra Infrastructure Ltd. before the Hon’ble Special CBI Court – Cum- Special Court (PMLA), Kolkata, praying for the accused’s conviction and confiscation of properties worth Rs. 17.36 Crore. On September 22, 2023, the Hon’ble Special Court took cognizance of the Prosecution Complaint.
The probe was launched by the ED in response to an FIR filed by the CBI against Chakra Infrastructure Ltd., a chit-fund business.
Partha Chakraborti, the proprietor of the Chakra Group of firms, gathered Rs. 89 crore from the public by promising high rates of return, according to an ED inquiry. Partha Chakraborti siphoned off the money/properties of the Chakra Group of companies in his name or the names of his family members and failed to refund the investors about Rs. 59 Crore.
Previously, the ED had attached assets worth Rs. 11.05 crore through a Provisional Attachment Order issued in March 2022 and affirmed by the Ld. Adjudicating Authority. Furthermore, on September 20, 2023, the ED attached immoveable assets of Rs. 5,78,90,847/-, including one hotel, God’s County in Tarapith, for Rs. 3,77,96,785/-, and moveable properties worth Rs. 52,50,797/-, for a total value of Rs. 6.31 Crore. More research is being conducted.
